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Lockdown for higher savings rates

With the Bank of England cutting growth forecasts and anticipating a fall in inflation in the next two years, we don't expect a rise in interest rates this year - and maybe not even until the second half of 2012. This is bad news for savers, especially for those of you, perhaps near to retirement, whose investment strategy requires that you hold a substantial proportion of your money in cash.

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By Leonora Walters,
12 August 2011

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